Korean cryptocurrency alternate Dunamu and Bithumb shares have skyrocketed dramatically this yr, in distinction to Coinone’s choice to liquidate Crypto Holdings.
On this yr’s bull market, exchanges are experiencing numerous wealth as few gamers face financial burdens as market leaders rise.
Upbit and Bithumb Drive Trade are extremely rated
Dunamu, the operator of Upbit, has seen particular person inventory costs rise 33% per yr, 240,000 gained ($173). The corporate’s estimated market capitalization is at present at 8.26 trillion gained ($59.6 billion). Bithumb carried out much more impressively at 238,000 gained ($172) with a surge of 131%.
Each exchanges reached peak scores on July 4th and have been moderated barely since. Dunamu hit 258,000 gained and Bithumb touched 275,000 gained at a summer time rally. This revenue displays the brand new optimism of the cryptocurrency market as Bitcoin repeatedly units new annual highs.
The businesses are positioning themselves for potential public provides within the coming months. Bithumb is particularly focusing on Kosdaq listings for the second half of 2025. Their sturdy market positions assist these formidable plans as buying and selling volumes stay sturdy.
Koinon struggles to pay attention the market
Small alternate Koinon faces stress with simply 3% market share in comparison with dominant gamers. The corporate has introduced plans to promote $2.96 million value of cryptocurrency. This represents roughly 10% of Coinone’s whole digital asset holdings.
The sale marks the primary case beneath the brand new regulatory pointers launched in Could. The monetary authorities have established a clear process that enables exchanges to settle crypto holdings for operational funds. This framework requires prior disclosure and gross sales are restricted to twenty cryptocurrencies by market capitalization.
Korean crypto alternate. Supply: Coingecko
Coinone gross sales fund working bills, together with labor prices, fairly than growth or infrastructure. This transfer requires pressing liquidity amid ongoing monetary difficulties.
Coinone recorded an working lack of $4.4 million final yr, extending its deficit for the third consecutive yr. Co-CEO-CEO Lee Sung-Hyun reportedly manages a number of roles after worker cuts. Trade observers recommend that these measures might precede the dialogue of potential takeovers.
The cryptocurrency alternate sector is more and more supporting the size because the rate-based income mannequin depends closely on transaction quantity. The market focus between Upbit’s 63% share and Bithumb’s 33% share has little room for small rivals.
